← Cost price, selling price, profit and loss lesson New set →

Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 72 · 40 questions
TalentJR

Business tip (SP minus CP): Profit = selling price − cost price (when SP is more than CP). Loss = cost price − selling price (when SP is less than CP) — we always say “a loss of ₹…”, never a minus sign. Total profit = profit on one × number sold. Selling price needed = cost + profit wanted.

NameDateTime takenScore ___ / 40
  1. 1.True or false: “the price on your board” is the selling price. (a) False (b) True
  2. 2.True or false: “what you paid for it” is the selling price. (a) True (b) False
  3. 3.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  4. 4.True or false: “money spent to get it” is the cost price. (a) True (b) False
  5. 5.Vihaan makes 23 cups of lemonade at a cost of ₹11 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  6. 6.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  7. 7.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  8. 8.It costs ₹63 to make one painted pebble. On the last day Joseph sells it for only ₹54. How much is the loss on one (in ₹)?
  9. 9.It costs ₹59 to make one handmade card. Rohan sells it for ₹64. What is the profit on one (in ₹)?
  10. 10.Riya makes 9 bags of popcorn at a cost of ₹29 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  11. 11.One bag of popcorn costs ₹27 to make. Vihaan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  12. 12.True or false: “cost of making one” is the cost price. (a) False (b) True
  13. 13.True or false: “the price on your board” is the cost price. (a) False (b) True
  14. 14.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  15. 15.It costs ₹23 to make one cupcake. Ishaan sells it for ₹38. What is the profit on one (in ₹)?
  16. 16.One paper bookmark costs ₹8 to make. Saanvi wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  17. 17.It costs ₹58 to make one handmade card. On the last day Gurpreet sells it for only ₹56. How much is the loss on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  19. 19.It costs ₹60 to make one potted plant. Diya sells it for ₹76. What is the profit on one (in ₹)?
  20. 20.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  21. 21.One glass of chai costs Rohan ₹19 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.One fruit cup costs Lakshmi ₹26 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.True or false: “what a customer pays” is the selling price. (a) False (b) True
  24. 24.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  25. 25.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  26. 26.One bag of popcorn costs Riya ₹34 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  28. 28.One paper bookmark costs Zoya ₹27 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.One painted pebble costs Dev ₹32 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.True or false: “money got from a sale” is the selling price. (a) False (b) True
  31. 31.One painted pebble costs Diya ₹58 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.One cup of lemonade costs Zoya ₹23 to make and sells for ₹16. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  34. 34.It costs ₹35 to make one paper bookmark. On the last day Kabir sells it for only ₹25. How much is the loss on one (in ₹)?
  35. 35.It costs ₹25 to make one potted plant. Gurpreet sells it for ₹40. What is the profit on one (in ₹)?
  36. 36.One clay diya costs Diya ₹52 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.Joseph makes 22 paper bookmarks at a cost of ₹7 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  38. 38.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  39. 39.True or false: “what you paid for it” is the cost price. (a) False (b) True
  40. 40.One friendship band costs Joseph ₹44 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. True
  2. False
  3. selling price
  4. True
  5. 322
  6. cost price
  7. SP more than CP
  8. 9
  9. 5
  10. 117
  11. 31
  12. True
  13. False
  14. selling price
  15. 15
  16. 21
  17. 2
  18. cost price
  19. 16
  20. SP less than CP
  21. Profit
  22. Loss
  23. True
  24. cost price
  25. selling price
  26. Profit
  27. False
  28. Loss
  29. Profit
  30. True
  31. Loss
  32. Loss
  33. what the buyer pays
  34. 10
  35. 15
  36. Loss
  37. 110
  38. what it cost you
  39. True
  40. Loss

Free entrepreneurship lessons, practice and worksheets at talentjr.in/entrepreneurship-for-kids